This cover is written on an "after the event basis" i.e. after the dispute has arisen.
Lakehouse’s ICL can be provided for any type of dispute other than a personal injury claim or clinical negligence claim where significant damages are to be recovered or there will be other some other financial award such as the increase in the value of an asset, be it real or intangible.
ATE Insurance for Commercial Litigation (ICL) is provided for claimants, pursuers or plaintiffs (“claimants”) in any tribunal in England & Wales, Scotland, Northern Ireland and the Republic of Ireland where costs will follow the outcome. ICL will only be considered for defendants or defenders if they have a Counterclaim that, in effect, makes them the claimant.